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Listed by Alexandro Colombo • Keller Williams Coastal Prop.
$ 985,000
Est. payment /mo
Price Dropped by $90K
7500 Avalon Los Angeles, CA 90003
4,560 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $216
MLS Listing ID PW-26068180
Year Built 1957
Lot Size 5,510 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
7500 Avalon Blvd is an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units, offered at $985,000, or $123,125 per unit and $216 per square foot. The property currently operates at a 5.33% cap rate and 9.57 GRM, with scheduled gross income of $102,885 and current NOI of $52,470.
The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Laundry None
Exterior
Parking Features Parking Space
Pool None
Community Features Sidewalks, Storm Drains, Street Lights, Urban
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Others
Virtual Tour https://www.youtube.com/watch?v=1SXlafNcj44